10 a.m.: According to the Ottowa Sun, Chris Phillips could decide about his future as early as Saturday, and what he chooses will have major implications as far as the Senators' deadline plans are concerned.

If Phillips decides against an extension, then it seems likely that he'd lift his "no move" clause and be traded to a contender. If he opts to stay, then Chris Campoli or Filip Kuba would likely be on the move.

9 a.m.: Both the Kings and Blackhawks waived players on Friday — Marco Sturm and Nick Boynton respectively — and neither club expects the player to be claimed.

As a result, each team should be able to assign the player to an affiliate, each will have created the financial flexibility to add a piece for a potential title run. The Blackhawks are said to be after a defenseman, with the names Mike Commodore, Craig Rivet, Jim Vandermeer, Ladislav Smid and Brett Clark floated in the Chicago Sun Times. The Kings are said to be after a top-six forward.